Most Indians or even British Indians know little about British Columbia, the scenic province on the western side of Canada with an area larger than that of France and Germany combined, but with a population of only 4.6 million compared to their 145 million – or India’s 1.25 billion. Yet British Columbia and India are involved in a burgeoning romance. British Columbia took the unusual step of becoming the first foreign government to launch a masala bond at the London Stock Exchange on September 1, and then immediately invested the $75 million raised into the Indian HDFC masala bond that…
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